Pakistan Government will sale 52000 MT wheat to World Food Program for IDP and Afghanistan at $300 per ton.
This important decisio is taken in country's compitent authority the Economic Coordination Committee (ECC) of the Cabinet. The committee met under the chairmanship of Minister for Finance and Economic Affairs, Dr. Abdul Hafeez Shaikh on Wednesday.
The Committeev ccorded its approval to the summary of the Ministry of National Food Security and Research for sale of 12,000 MT of Wheat to World Food Programme (WFP) from the PASSCO’s stocks at a price of US$300 per MT. The wheat procured by WFP will be provided to the IDPs of Khyber Pakhtunkhwa. Moreover, the ECC also agreed to the proposal of selling another 40,000 MT of Wheat to WFP for consumption in Afghanistan.
The ECC approved LPG (Production and Distribution) policy guidelines, 2012 submitted by the Ministry of Petroleum & Natural Resources. The approval of the summary is in continuation to the decision by the ECC which considered the draft LPG (Production and Distribution) policy 2012 in its meeting held on 23-10-2012 where by Ministry of Law and Justice was asked to furnish its detailed comments over the draft. The Ministry of Law and Justice approved the draft which was subsequently placed before the ECC for approval.
The ECC approved the recommendations of its sub-committee headed by Minister of Law & Justice regarding formulation of policy guidelines for fixation of CNG price. The sub-committee consulted all stake holders and took into account all available in formulation of the policy guidelines. ECC also directed OGRA to ensure transparency and public welfare in the pricing mechanism. It may be mentioned that the sub-committee has formulated an interim report on one component of the policy guidelines and report on other components will be submitted before the ECC in the next meeting.
Ministry of Railways moved a summary seeking the approval of the ECC for waiver of on-lending charges to Karachi Urban Transport Corporation for the Project “Revival of Karachi Circular Railways as Modern Commuter System”. Japan International Cooperation Agency (JICA) has already agreed to provide 93.5% (US$2.4 billion) of the estimated cost through soft loan at a markup of 0.2% payable in 40 years including 10 years grace period. The remaining 6.5% (US$169.6 million) will be borne by the Ministry of Railway (60% equity), Government of Sindh (25% equity) and the City District Government Karachi (15% equity); the stakeholders of KUTC as per their share.
The track of the KCR will be 86 km long and 27 stations will be built around the city. This important project will be a milestone in improving the quality of life of the citizens. The ECC approved the summary with special appreciation for the Ministry of Railways, the Government of Sindh and Karachi City Government for their efforts to get approved the most economic and viable project of Circular Railway for Karachi.
The ECC also approved a summary by Ministry of Railways whereby the Ministry of Railway sought approval for changes in the composition of Business Express. Ministry of Railways submitted a summary for ECC approval back in July 2012. The ECC constituted a committee comprising the Minister for Information & Broadcasting, Chairman Board of Investment and Deputy Chairman Planning Commission to examine the issue of changes in the composition of Business Express. The committee recommended the following:
i. Minimum occupancy to be achieved at 65 percent.
ii. Sharing ratio of gross revenue can be set at 80:20 between Pakistan
Railways and Joint Venture Partners up to occupancy of 75 percent,
iii. For occupancy achieved above 75 percent, the sharing ratio between
Pakistan Railway and Joint Venture Partners can be set at 75:25.
The recommendations of the committee were approve by ECC accordingly.
No comments:
Post a Comment